NEWS & ADVICE : PERSONAL LOAN
RBI to meet NBFCs to finalize norms
By Vaibhav Aggarwal
Jan 3, 2013
Print    Email    RSS   

The Reserve Bank of India might meet the representatives of non-banking finance companies (NBFC) this month for finalizing the norms of the sector.

An industry source said, "The central bank is likely to hold a couple of meetings in January before finalizing the guidelines with regard to NBFCs".

The central bank had released the final norms on NBFCs, based on the recommendations of Usha Thorat committee report which was released last month.

The Usha Thorat report proposes revision of NPA recognition norm to 90 days (compared to the existing 180 days), along with higher provisioning requirements for NPAs.

The report also proposes 10% capital adequacy ratio (CAR) for most of the NBFCs and increase in risk weights for some other asset classes.

Referring to the guidelines, another source said, "We have already given our feedbacks to the central bank and pointed out the difficulties with regard to the treatment of NBFCs on par with banks in some of the regulations".

 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Bankers concerned on RBI loan recovery...
Effect of employment on loan eligibility...
Man caught for committing bank fraud
Know about Form 16
Pay income tax through ATM


HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive